I do not exclude globalism from the proposal I gave you.
In fact, as most of my source of income are coming from the stock market, I believe I understand what's could motivate investors.
With the rules I gave above, of course it would lower the value of the stocks of your national companies. But this would matter only for short term owner, aka traders speculating about their value.
For long term investors, that would mean a massive increase of the motivation of your worker, an edge over other countries to recruit the best profile, leading to an improvement of the companies productivity.
It would also imply massive investment in R&D, leading to an increase of the value of the companies.
On the long term, those companies would be more stable, more resilient and more productive than others, becoming extremely valuated on the stock market.
Sounds like a win win to me, for owners and workers inside capitalism.
The regulation I proposed, would limit a lot the disparities between the richer and the poor working class we see today. As it redirect a lot of the wealth created into workers wallet.
The other problem you adress are real, I won't deny it. But for exemple, overproduction was even worse in soviet countries than it was in capitalistic one. Same goes for pollution, even today, vietnam is not a champion in the fight against pollution.
So, one economical organisation or the other won't solves those issues.
Those issues, if we want to fix them before it is too late (and I believe it is already) need 2 things : change in people consommation habits and on a longer term, technological evolution (such as fusion power/asteroid mining/ etc)
No matter what we do, if people don't understand they are individually responsible and every time they buy something they create pollution and environment problems then they is no way out. Not until the long term advancement I told about at least.
Loop holes exist for 2 reasons :
1 not enough power given to control authorities/not enough risk for cheater
2 no political will to address them
Ill take an extreme exemple, I don't want the world to become like China but in China, no one become billionaire unless the political power agreed to. There the authority has enough (too much) power to limit frauds. And those who become billionaire are allowed to (this is too much too) because it serve the nation and/or the corrupted political power agenda.
Again, I don't want any country to become as authoritarian as China. In fact I consider Switzerland as the only country democratic enough for my taste. And even them could do way better.
It was just to say : no loop holes are not a curse. We could get rid of them if we would